Well I tested Peenv today and was positive surprised of the result, I followed the tutorial and tested the game "Driver". It's running very smooth without any issues at 30fps+ on my N900 with 900MHz OC.

Then I noticed that my application folder had quite less space left, so I moved the "audio" and "levels" folder to my home directory and made a symbolic link. The size decreased from 378MB to 62MB on the application partition.

So what I want to say is, good work

Edit:

I tested now also "Let's Golf" and "Ashpalt5", the Golf game is working just fine but Asphalt5 (1.0.3) is very unstable and laggy, not playable at all (Yes, I made all syslinks)

Edit_2:

The movies in "Let's Golf" are working just fine Moving the lev/tex.pkg to save space works also fine with a syslink.